By E. Janene Geiss
Philadelphia, March 28 - AB Svensk Exportkredit priced $154.5 million of 0% Accelerated Return Notes due June 5, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
Merrill Lynch & Co. is the underwriter.
The payout at maturity will be par of $10 plus triple any gain in the index, subject to a cap of 20.16%. If the index finishes below the initial level, investors will receive par minus the index decline.
The notes are expected to be listed on the American Stock Exchange under the symbol "SAD."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $154.5 million
|
| Maturity: | June 5, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any gain in the index, capped at 20.16% return; otherwise, par minus the index decline
|
| Initial index level: | 1,341.13
|
| Pricing date: | March 26
|
| Settlement date: | April 7
|
| Underwriter: | Merrill Lynch & Co.
|
| Fees: | 2%
|
| Listing: | American Stock Exchange: SAD
|
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